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Black Friday deals on a new home? Here you go

Housing Wire

The Ohio-based builder is offering discounts of up to $20,000 on select homes in Greater Houston , along with no-cost 2/1 rate buydowns , and slashing prices by as much as $93,850 in other markets like Chicago. The discounts come as homebuilders’ confidence in the market remains muted.

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Trapped by design: Why America’s housing market is stuck — and what the rest of the world can teach us

Housing Wire

Americas housing market isnt just cooling its frozen in place. Millions of homeowners are locked into 23% mortgage rates and simply wont sell, creating a chain reaction thats grinding the entire system to a halt. But this isnt just a temporary side effect of high interest rates. And while U.S. Nearly two-thirds of U.S.

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Mortgage demand jumps 6.3% as rates level off

Housing Wire

“Purchase activity drove overall applications higher last week, as conventional purchase applications picked up pace and mortgage rates declined for the first time in over two months,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. The effective rate decreased from last week.

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Home sales are stalled with 7% mortgages

Housing Wire

This housing market is on hold until mortgage rates come down. We knew that mortgage rates over 7% were possible for the year, and here we are. I still expect well spend most of the year under 7% for the 30-year fixed rate mortgage , but until that happens, home sales are at a standstill.

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30-Year Fixed-Rate Mortgage Dives to See Largest Drop Since March 2025

Marco Santarelli

If you're like me, you're always watching the housing market, wondering when it's finally going to become a little more reasonable. Well, there's some good news: Mortgage rates are dropping! The average rate for a 30-year fixed-rate mortgage has fallen to 6.67% , the biggest drop we’ve seen since March of this year.

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Today’s Mortgage Rates Rise: Insights for January 02, 2025

Marco Santarelli

As per the latest data from Zillow , the average 30-year fixed mortgage rate has climbed to 6.70% , while the 15-year fixed rate has increased to 6.10%. The rising rates may present challenges, but understanding the trend can provide some clarity for those looking to navigate this complex market.

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Mortgage Rate Predictions January 2025: Forecast for Homebuyers

Marco Santarelli

As we approach January 2025, many prospective homebuyers and existing homeowners are keenly interested in mortgage rate predictions. Most industry experts foresee a gradual decline in mortgage rates, providing a glimmer of hope for those navigating the complexities of the housing market.